Latest news with #BML
West Australian
21-05-2025
- Business
- West Australian
Gibb River Diamonds looks to cash in on gold at Edjudina
Gibb River Diamonds has signed a contract mining agreement with Kalgoorlie-Boulder firm BML Ventures to mine an open pit at its Edjudina gold project north-east of Kalgoorlie-Boulder. Gibb River told the Australian Securities Exchange on Wednesday the focus would be on realising the commercial potential of the Neta deposit. The company said Neta had a mineral resource estimate of 378,000 tonnes at 1.9g per tonne for 24,000 ounces of gold, with 110,000t at 2.2g/t for 8000oz in the indicated category. Gibb River said BML would be responsible for all mining-related capital and working capital costs, with Gibb River providing no capital for the project. 'BML's role is to cover all aspects of mining and deliver the mineralised material to one of a number of nearby gold processing plants,' Gibb River said. 'Once project expenses have been paid, with costs being reimbursed from operational cash flow, the net surplus cash will be split 50:50 between (Gibb River) and BML.' The companies are working together to obtain remaining approvals, and aiming to start mining this year — potentially as early as August. Gibb River said processing arrangements still needed to be established with one of the third-party processing plants in the region. 'There are no forward sales locked in for this mining operation and all production will be sold into the spot gold market,' Gibb River said. Gibb River acquired Edjudina in a cash-and-scrip deal in 2020, and at the time said historic production figures for the entire Edjudina field up to 1921 were 39,476oz at 41.0g/t. The company also has the Ellendale diamond project in the Kimberley, and in its most recent quarterly report said it was seeking a strategic partner to progress the project, with the ultimate aim being to re-establish diamond production at the site.
West Australian
15-05-2025
- Business
- West Australian
Final payday for Auric at Jeffreys Find gold mine in WA
Auric Mining is lining up one last lucrative swing of the bat at its Jeffreys Find gold mine near Norseman in Western Australia as the company gets set to pull up to $4.5m out of the very last 60,000 tonne batch of ore. Marking the final act of an uber-successful two-year toll mining campaign, the last 60,000 tonne parcel of ore is now en route to the Three Mile Hill Mill in Coolgardie. Processing is scheduled to begin in the first week of July. About 16,000 tonnes have already been stockpiled at the mill and the company says haulage is continuing daily to meet the full campaign target. Auric is eyeing a final gold tally of around 2,750 ounces from the latest batch - a figure that would push total production from Jeffreys Find beyond the 30,000-ounce mark since toll mining began two years ago. According to management, most of the mining costs have already been paid, positioning this last campaign as a high-margin operation that could potentially generate between $7 million and $9 million in free cash, available to be split between Auric and its contract mining partner BML Ventures. Under the 50:50 joint venture with Kalgoorlie-based BML, which operates and manages the mine, net proceeds from gold sales are shared equally once all direct costs are covered. Auric says it expects to pocket between $3.5 million and $4.5 million for itself from the final campaign to round out a total earn of more than $15 million from the project. Rehabilitation and demobilisation activities are now underway at the mine to wrap up what the company says has been a textbook toll-treatment partnership. The unique structure of the Jeffreys Find joint venture saw BML Ventures shoulder all mining, haulage, and processing costs upfront, allowing Auric to benefit from a clean, low-risk exposure to high-margin gold revenues. Jeffreys Find has served as a stepping stone for Auric by delivering a significant injection of capital into its coffers that can be used to mine its much larger Munda deposit, also in WA. However, the exercise has also provided the company with a valuable lesson in mining techniques, which Auric can now apply as it winds up the partnership with BML and goes it alone at Munda just outside Widgiemooltha. Auric officially kicked off production at Munda by shifting first ore from a starter pit a few days ago. The initial five-month mining campaign is set to deliver 6,100 ounces of gold at an all in sustaining cost of A$2,635 per ounce - well below today's gold price of A$4950 per ounce. The mine site is now fully operational with haul roads laid, ROM pads prepped and a full mining fleet in place. Auric made the strategic call to launch operations with a 125,000-tonne starter pit grading 1.8g/t gold with one eye on an even bigger prize. By shifting the overburden now while gold prices are sky-high, the company should slash future costs for the larger operation and build a buffer against price swings. Apart from generating some valuable cashflows for the company, the starter pit will also provide useful insights into the larger deposit beneath, which should help Auric sharpen its strategy ahead of full-scale mining in 2026 Backed by a 145,000oz resource, a 2023 scoping study on Munda projected A$76.9M in surplus cash across its mine life using a very conservative A$2,600 per ounce gold price – almost half today's actual gold price. The $6.5M pre-strip cost has been fully bankrolled from profits at Jeffreys Find. With the final ore delivery at Jeffrey's Find ticking closer and the mill primed for a final golden run, Auric is about to ring the till one last time on a project that has delivered in spades. Jeffreys Find has been more than just a successful cash cow – it has been a financial springboard to bigger things and proof of concept for a company now shifting gears into self-driven gold production. Is your ASX-listed company doing something interesting? Contact:
South China Morning Post
30-01-2025
- General
- South China Morning Post
Top Hong Kong schools that offer bilingual education
From the cognitive to the cultural, the varied benefits of raising multilingual children are well known. For parents who wish to go beyond home immersion and see this incorporated into a child's school curriculum, the International Schools Guide lists many of the institutions in Hong Kong that have made multilingualism a key part of their proposition. While in practice all international schools across the city teach other languages in addition to English, the schools listed below make multilingual immersion a significant part of their academic offering, setting them apart as stand-out choices for parents who are keen on having their child grow up with a fluent command of a second or even third language. Targeted bilingual education International College Hong Kong – Hong Lok Yuen (ICHK HLY), located in Tai Po, achieved Smart School Status from the Centre for Educators of Bilingual and Multilingual Learners (BML) and has been deemed a BML Smart School for the past two years. The UK-based organisation imparts best practices for teaching bilingual and multilingual children to both educators and parents through their courses and the BML Parent Coaching Program. At ICHK HLY, all existing teachers and teaching assistants are required to complete the programme, while new staff members must complete their training within the first year of joining the school. Some schools start the bilingual immersion model from nursery. Photo: May Tse 'The demographic of international school students is now largely one where most children are from bilingual or multilingual backgrounds. It is therefore important to us that all of our staff receive specific and focused training to maximise the learning of all of our children,' explains Derek Pinchbeck, head of school at ICHK HLY.
